Warren Buffett says single family rental housing is an amazing investment right now. Of course a one line statement requires more information but he's basically right.
I wouldn’t shout at the top of my lungs that housing will turn around today, and I do expect prices to fall. However, for the long term there are so many great reasons to own cheaper rentals. I still think they high end luxury type home market, and new construction are very very far from a recovery but for lower income rentals the opportunities are huge. Very few people analyze housing like a financial planner but if you do it’s immediately obvious that even without any appreciation in the next 15 years you would still make a fortune of an excellent rental property. If you would like us to explain these numbers we’d love to. Keep in mind we don’t handle sales transactions only act as consultants for those looking for a second opinion so no conflict of interest here. While we are members of the National Association of Realtors we would never take our cues from them. Just take a look at their track record and you’ll see why really fast… The single biggest reason we like housing, INFLATION! There is no better hedge on inflation than lifetime low 30 year fixed interest rates. Bottom line…
One Comment
Susan / 10 Apr 2012 / 8:42 pm